New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-07-14
TWO PROPOSED NEW ROADS.
RAILROAD MEN IN IGNORANCE CONCERNING MR.

RAILROAD MEN IN IGNORANCE CONCERNING MR.
GARRgTT's ALLEGED ENTERPRISE.
PHILADELPHIA, July I3 (SpeciaD.-The statement that
the incorporation OF the Carbon schuy and western
and the Clearied and Allegheny Railroad companies
was about consummaed the chief topic OF con-
versation among railroad people to-day The further
statement the roads to be part OF the Garrett
scheme construct continuous line from New-York
to Plttsburg conjunction Of the Baltimore and Ohio
Lehgh Valley systems excited considerable interest
The routes OF the proposed new lines were carefully
scanned There were who believed the story but
Others were inclined to laugh at IL, calling 1t moon
shine" and saying that II either game Of bluff or
else scheme the part Of irresponsible persons
and then peddle them around among
the railroad and sell them to tho highest bidder
This afternoon prominent officer OF the Lehigh valley
Railroad said:
plans nor is any one of the gentlemen named as
directors known to me"
the councils of the company said, nothing at
the matter and believe there is nothing in IT,
have idea Of building the roads but that they hope to
sell out , to somebody at good price sp ana Of
All the gentleman named In connection with the ROAD
r. is said that tho men named president and
directors Of the two companies are wholly unknown to
men representing capitalists who do not to
known In the matter.
SUIT BY THE ST. PAUL ON TIE OMAHA GRANT.
CHICAGO, July I3.A dispatch to The Inter Ocean from
Madison, WIS.,, says: The Chicago. Milwaukee and st.
Paul railway has begun suit against the Chicago. st.
PAU, Minneapolis and Omaha Company to recover lands
andbenehts valued at $2e 100000 few ago the
st. Paul Com pany agreed with the Omaha Company not
to attempt to from the State OF Wisconsin the
possession rich land grant known the Omaha
grant In return the Omaha Company agreed In the
event OF its TO give oneourth grant to the
st. Paul. and also to allow certain track privileges on
the line from Chippewa Falls to Superior The St. Paul
Company seeks to enforce this contract while the
Omaha Company combats 1t the ground that the
is contrary public policy. and that the st.
Paul Company gave any legal or valid consider
alton for the benefits claimed by II tn this suit
The suit Is not new one but probably is approaching
a trial The contract in dispute made when.A. A.
Porter, Of Chicago president Of the Omaha Com
pany. but repudlaed at the first annual meeting
after the control had been sold to william H. Vanderbilt
In behalf of the Northwestern Railway Company 1t is
understood that Mr. Porter does not deny the validity OF
IT, vicePresident Sykes OF the Northwestern Company,
said yesterday:
which OF several nheritaDces Of the same kind
sy s se Of dS
formal the very first meeting sfterward the
simple ground that the previous management had no
Acting President Bond, Of the st. Paul Company,
The Omaha opposes the contract the ground that
II is against public policy That 10 news to me- sup
Keep OF Duluth The contract Is In writing and
do why It should not DO enforced but do not
know what the decision OF the court may be-"
WILL THE SOUTH PENNSYLVANIA BE BUILT
have been revived recently OF the intention OF
the South Pennsylvania syndicate to complete that rail-
road 1t asserted that the Vanderbilt interest
had agreed with the other subscribers TO push the road
rapidly to completion II Ia understood that tits Is an
exaggeratlon OF the actual state Of affairs There is
assurance that the road will DO built and the Vanderbilt
interest has agreed to help carry the scheme
through. The delay OF tho Pennsylvania sRaroad In
purchasing the property according to the West Shore
treaty OF settlement OF 1888, partly caused by litigation
by. obcctng minority has kept .the affairs OF the
south Pennsylvania syndicate In loose shape AbouL
s55O00O had been paid In and the balance OF subserp
tons subject To call at ANY time by the syndicate
trustees tho Subscribers having recourse but To pay
up Reorganization 10 proposed and has been partially
executed by which each and every subscriber TO the
construction syndicate releases his fellow snbScrlbers
all further claims The funds paid in are returned
n the shape Of stock To the subscribers by new com
which ID possessed OF all the rights franchises and
property the syndicate The company OF course,
complete the road tho stockholders elect 70 advance
the funds or II outside capital can he secured.
Tho general impression Ia railroad circles IL that the
Vanderbilt interests will be Oath TO put in fresh capital,
and outsde help Ia thought 10 be Pigment or Mr..
Governs and DR. Hostetters brilliant imaginations.